Tag Archives: biofuel

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Motorcycles: Italian vehicle maker Piaggio plans to introduce its Vespa brand of scooters in the Mexican market. The company will invest US$3 million to open seven Vespa agencies in the coming months in conjunction with Mexican distributor Grupo Zapata, the latter company reported. (El Financiero, November 30, 2016)
  • Retail: Mexican developers Thor Urbana and Grupo Orlegi announced plans to build a major shopping center complex in the northern state of Coahuila. The US$90 million site will be constructed as an adjunct to the soccer stadium home to the popular Santos Laguna club of the Mexican soccer league. (El Financiero, November 30, 2016)
  • Hotels: Mexican hotel operator Grupo Posadas inaugurated three new hotels in the northeastern city of Monterrey at a cost of approximately US$60 million, the company reported. The new properties are designed with aspects specifically targeting the millennial market, according to Posadas. (El Financiero, November 25, 2016)
  • Wind power: Unnamed investors will finance the construction of a 40MW wind energy generation plant in the central state of Querétaro, the state government announced. The US$40 million project is planned to include 40 generation turbines. (El Financiero, November 25, 2016)
  • Construction materials: Mexican flooring manufacturer Interceramic initiated construction on a new production plant in the central state of Guanajuato. The US$80 million factory will become the company’s 10th in Mexico. (Obras Web, November 25, 2016)
  • Biofuel: Mexican engineering firm Soluciones en Ingeniería Naval Marina y Terrestre has obtained a permit to construct a biofuel refinery in the eastern state of Veracruz, the Ministry of Environment and Natural Resources (Semarnat) reported. The cost was not specified for the new facility, which is planned to produce 120 million liters annually of ETI01 ethanol. (El Financiero, November 25, 2016) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment

Reports on some recent and upcoming investment collected from the local business media:

  • Retail: Grocery and general merchandise retailer Grupo Chedraui revealed plans to double its stores in Mexico to 280 in the coming years.   The chain, now third largest in its sector in the country, has grown rapidly in recent years and currently operates 143 retail locations.
  • Logistics: Mexican logistics and transport firm Grupo Transportación Marítima Mexicana (TMM) will begin construction in 2011 on a new multimodal terminal at the Port of Tuxpan, on the coast of the Gulf of Mexico.  The US$350 million facility is planned to handle liquid, solid and container cargo.
  • Energy: Eoliatec de Mexico, subsidiary of Spain’s Eolia Renovables, signed contracts with communal farmers in Jalisco helping to clear the way for the development of the state’s first wind farm.  The firm projects investment of US$185 million in the electricity generation facility with a capacity of 60Mw.
  • Manufacturing: Brazil-based Embraco, a manufacturer of refrigeration compressors, announced plans to begin manufacturing at a new plant in Apodaca, Nuevo Leon in 2011.  The US$90 million investment will allow the company to serve Mexico’s refrigerator manufacturers via domestic production, in addition to exporting to the United States and Canada.
  • Biofuel: A new bio-diesel plant is currently under construction in the southeastern state of Chiapas, set to begin production in early 2011.  The US$3.5 million dollar facility, financed jointly by various federal government agencies, will use locally grown African palm and jatropha to produce diesel fuel to supply public transportation systems in the cities of Tuxtla Gutierrez and Tapachula in the state. Continue reading Recent and upcoming investment